Capital Unease Hits Deutsche (WSJ)
A mere four months after co-Chief Executive Anshu Jain declared the end of Deutsche Bank AG's "hunger march" following a €3 billion ($3.95 billion) capital increase, the bank is again on the defensive, trying to persuade investors and regulators that it is sufficiently capitalized.
Wall Street Sees Debt-Limit Talks Past Mid-October Target (Bloomberg)
The U.S. Congress may have scope to extend debt-limit negotiations for weeks past the mid-October date when Treasury Secretary Jacob J. Lew has said the nation will exhaust its borrowing authority, according to analysts at Credit Suisse Group AG and Jefferies LLC.
Jobless Claims in U.S. Decline More Than Forecast (Bloomberg)
Jobless claims declined by 9,000 to 323,000 in the week ended Aug. 31, less than the lowest estimate of economists surveyed by Bloomberg, from a revised 332,000, according to Labor Department data issued today in Washington. Another report showed productivity climbed more than previously estimated in the second quarter.
Rupert Murdoch to sell his yacht for $29.7 million (CNBC)
The yacht was built in 2006 by Perini Navi, the Italian shipyard known for its luxurious, sleek sailing yachts. Rosehearty has a crisp, modern interior by French designer Christian Liaigre, with five suites for 10 guests, including two VIP suites. The main mast of the yacht towers at 193 feet, and it has a sail area of 16,792 square feet.
Nasdaq Suffers Another Glitch (WSJ)
Just ahead of a meeting Wednesday to discuss last month's unprecedented three-hour trading outage, Nasdaq officials got another unexpected jolt: The main data feed for Nasdaq Stock Market-listed stocks went down again. While Wednesday's hiccup was far less severe than the Aug. 22 outage—when a software failure at Nasdaq OMX Group forced a halt in all Nasdaq-listed stocks and exchange-traded products—the latest issue with the system again spotlighted exchanges' reliance on just a handful of data feeds to disseminate securities prices and quotations.
PA. UNIVERSITY KICKS RIVERA OFF PANEL FOR 'SELFIE' (AP)
Duquesne University says Geraldo Rivera isn't welcome to appear on a panel at the Pittsburgh school because of a half-naked "selfie" he posted this summer. Duquesne says the cellphone picture the TV personality posted on Twitter in July was inappropriate and not in line with the school's values as a Catholic university. Rivera had been scheduled to moderate a panel to mark the 50th anniversary of President John F. Kennedy's assassination.
Pimco's Gross says global economy has become increasingly unstable (Reuters)
Pimco's Bill Gross, manager of the world's largest bond fund, said on Thursday that the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasuries. In his September letter to investors, Gross said that central banks' easy money policies have become less effective in generating economic stability, and that zero-bound interest rates have threatened finance and investment in the "real economy. "Why invest in financial or real assets if bond prices could only go down, and/or stock prices could no longer be pumped up via the artificial steroids of QE?," Gross said, in reference to stimulative policies like the Federal Reserve's $85 billion in monthly purchases of Treasuries and agency mortgages.
Erdoes Managing Money Since 6 Proves JPMorgan Trillions No Fluke (Bloomberg Markets Magazine)
JPMorgan Chase & Co.’s Mary Callahan Erdoes got her first assignment managing money when she was 6 years old. The eldest of four children, Erdoes showed an early aptitude for math that was fostered at her grandmother Kay’s suburban Chicago breakfast table, where she helped balance her grandparents’ checkbook on an adding machine. “It was my first foray into money management,” Erdoes, 46, says.
Top SEC lawyer Matthew Martens to exit for private practice (NYP)
The Securities and Exchange Commission’s top trial lawyer is planning to leave the agency by the end of the year, The Post has learned. Matthew Martens — who scored a big SEC victory in the case against ex-Goldman Sachs trader Fabrice “Fabulous Fab” Tourre — is looking to leave public service for a job in private practice and could exit as early as October.
'Jumbo' Mortgages Hit Milestone (WSJ)
xecutives say the inversion in the so-called spread, or difference, between jumbo and conforming loans is unprecedented. "In my 30-year career, I've never seen nonconforming loans priced below conforming loans," said Brad Blackwell, executive vice president of Wells Fargo Home Mortgage, the nation's largest mortgage company.
If Indian men have the least sex, who has the most? (Telegraph)
The annual survey, conducted by Men’s Health, is by far the largest of its kind in the world, with 50,796 participants in 30 countries...Indian men have, on average, just three notches on the bedpost, the lowest number in the survey. Compare that to the males of Croatia, who had the most - an average of 11 partners each. Croatians also had the most fun outdoors, doing it more often in pools, parks, fields and cars than any other nationality on earth. But in a move that may surprise our European neighbours, British men and women both ranked as the kinkiest on the planet, perhaps in part due to the phenomenon of ‘mummy porn’. The record selling “50 Shades” series is written by London-based author E L James. British women were also the most promiscuous, reeling in an average of nine partners each. The magazine’s editorial director, Jamal Shaikh, said the poll was about providing more than data or trends. He said: "We have tried to examine how men from different parts of the world are better than others in certain aspects of sex and relationships, and then tell you how to learn and improve."